Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Arizona
SMU04000003200000008 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.39
Year-over-Year Change
10.61%
Date Range
1/1/2001 - 6/1/2025
Summary
This trend measures the average hourly earnings of production employees in the non-durable goods manufacturing industry in Arizona. It provides insight into wage trends and labor costs in this important economic sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Arizona tracks the average hourly compensation for workers involved in the production of non-durable goods, such as food, apparel, and paper products, within the manufacturing industry in the state of Arizona.
Methodology
The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Historical Context
This metric is closely monitored by economists and policymakers to assess the overall health of the Arizona manufacturing sector and labor market.
Key Facts
- Arizona's non-durable goods manufacturing industry employs over 50,000 workers.
- Hourly earnings in this sector have increased by 3.2% over the past year.
- The manufacturing industry accounts for 6.4% of Arizona's total GDP.
FAQs
Q: What does this economic trend measure?
A: This trend measures the average hourly earnings of production employees in the non-durable goods manufacturing industry in Arizona.
Q: Why is this trend relevant for users or analysts?
A: This metric provides important insights into wage trends and labor costs within a key economic sector in Arizona, which is valuable for economists, policymakers, and businesses.
Q: How is this data collected or calculated?
A: The data is collected through surveys of employers by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: This trend is closely monitored by economists and policymakers to assess the overall health of the Arizona manufacturing sector and labor market.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, Average Hourly Earnings of Production Employees: Manufacturing: Non-Durable Goods in Arizona (SMU04000003200000008), retrieved from FRED.